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Fixing the Budget Crisis in Oklahoma With Lean Six Sigma - GoLeanSixSigma.com

Fixing the Budget Crisis in Oklahoma With Lean Six Sigma

With the rising impact of Oklahoma's current budget situation, Preston Doerflinger, Secretary of Finance and Revenue for Oklahoma, presents a path towards a solution: implementing the Lean Six Sigma methodology. Doerflinger cites process improvement projects within the Oklahoma Pardon, such as reducing docket preparation time from four weeks to three…

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Who Benefits From Using Lean Six Sigma

Industries & Job Functions That Benefit From Lean Six Sigma

  Who benefits from using Lean Six Sigma? Anyone who has problems to solve including: Industries Healthcare Hi-Tech Government Retail Finance Hospitality ...Any industry that has problems to solve!  Functions Customer Service Manufacturing Accounting Operations Sales HR & IT ...All functions that have problems to solve!  Tell us how you…

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Lean Six Sigma Q&A - GoLeanSixSigma.com

If we were to eliminate Wastes in any form, how would we be able to convert the waste into dollar value in order to convince a Bank to start adopting Lean?

The calculation you’re looking for is COPQ or Cost of Poor Quality. The idea is to calculate the labor hours saved by removing waste and then multiply them by the average loaded salary of the process participants impacted. In the case where Defects cause the process to “scrap” products, you can calculate the lost value…
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Lean Six Sigma Q&A - GoLeanSixSigma.com

What are some examples of wastes in a banking institution?

Wastes in banking fall into the same categories as other transactional processes. In terms of examples of the Eight Wastes, there is: “Transportation” or touches related to the number of times a check is handled before it is deposited; “Inventory” shows up as emails waiting for answers or transactions waiting for batch processing; “Waiting” is…
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